Tractor Supply price target raised to $67 from $66 at Piper Sandler

Piper Sandler analyst Peter Keith raised the firm’s price target on Tractor Supply (TSCO) to $67 from $66 and keeps an Overweight rating on the shares on slightly higher estimates following solid Q2 results. The firm notes the company beat expectations for Q2 despite a late Spring that has pushed seasonal demand back by 4-6 weeks and allowed for comparable sales acceleration month-over-month the last 3 months with continuation into July. With transaction growth building momentum and price increases kicking in for the second half of the year, Tractor Supply now has a clear path to 3%-4% comp in the second half of 2025, with potential for further acceleration in 2026 should the rural economic backdrop continue to improve and growth initiatives kick in with sales contributions.